Copper Strengthens Partnership with DFINITY Foundation to Provide Secure Custody and Staking of Web Computer (ICP) Assets for Institutional Investors

This expansion enables institutions to securely manage assets like ckBTC, a multi-chain Bitcoin twin, along with other chain-key tokens such as ckETH and ckUSDC.

Digital asset custodian Copper has expanded its partnership with the DFINITY Basis.

The integration will allow institutions to safely manage assets such as ckBTC, a multi-chain Bitcoin derivative, as well as other chain-key tokens like ckETH and ckUSDC. It will also enable institutional investors to stake Web Computer (ICP) assets on Copper’s platform.

This partnership marks the entry point for Service Nervous System (SNS) and Web Computer Request for Comments (ICRC) token standards, highlighting a new phase of institutional engagement with the ICP ecosystem.

Chain Fusion technology facilitates interoperability with major blockchains, enabling ICP smart contracts to interact directly with Bitcoin (BTC), Ethereum (ETH) and other networks.

This development benefits the decentralized finance (DeFi) and Web3 ecosystems, supporting popular dApps such as OpenChat, Dragginz and ELENA AI.

Marcos Benitez, Copper’s Head of Sales in Switzerland, expressed excitement about the integration, emphasizing Copper’s role in facilitating access to capital for the ecosystem.

“With this integration, we expect to facilitate greater access to capital for the ecosystem, including funds, venture capitalists and exchange listings,” said Benitez. “Our commitment to bolstering the Swiss and Global Web3 ecosystem remains strong, and we look forward to continued growth and innovation in this vibrant space.”

Copper’s partnership follows the launch of Valour Inc.’s ICP exchange-traded product (ETP), for which Copper serves as the custody provider. This partnership highlights a commitment to driving innovation and expanding the digital asset ecosystem, providing institutions with safe and efficient solutions for navigating the evolving landscape of decentralized finance.

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